In total, four marijuana stocks jumped higher by at least 10% last week. Let’s take a brief look at some of these moves.
Cara Therapeutics (+12.8%)
Following the loss of more than half of its market value in a two-week timeframe, Cara Therapeutics (NASDAQ: CARA) found its stride this week and moved higher by 13%. Two catalysts appear to be at work here.
First, on Wednesday, July 12, Cara announced encouraging data for its phase 1 trials of oral CR845.